World Bank Grants $745m to Healthcare, Flood Projects

Dec 17 , 2022

Women, children and internally displaced people facing the consequences of the pandemic, natural disasters and conflicts without access to health services and flood management are getting assistance. The World Bank has approved a 745 million dollar grant with hopes of alleviating the humanitarian crisis. Nearly one million people were affected by flood in 2020, with almost 300,000 displaced and 288 lost lives. The damages to infrastructure and cropland have cost 358 million dollars to repair. The impact on agriculture and livestock has aggravated the already severe crisis. The project that aims to support primary healthcare projects is financed through a 400 million dollar grant from the International Development Association (IDA) and a 45 million dollar grant from the Global Financing Facility (GFF). The World Bank’s International Development Association (IDA), established in 1960, helps developing countries by providing grants and low to zero-interest loans for projects and programs that boost economic growth. World Bank Group Country Director, Ousmane Dione, said the health project would provide to over 22 million women and children, including those in conflict-affected areas. The second Flood Management Project (FMP), financed by a 300 million dollar grant from IDA, aims towards improving climate-related shock management and the ability to respond better to flood risks.